ProShares UltraShort Bitcoin ETF (SBIT)
-2x leveraged inverse daily Bitcoin futures ETF (not spot/physical Bitcoin) from ProShares – seeks twice the inverse (-2x) daily return of Bitcoin via CME futures.
Key Facts
| Issuer | ProShares |
|---|---|
| Ticker | SBIT (Cboe BZX) |
| Expense Ratio | 0.95%–0.97% |
| Approx. AUM | $116M – $125M |
| Type | Leveraged Inverse -2x Daily Bitcoin Futures (not spot) |
| Inception | April 1, 2024 |
| Official Site | ProShares SBIT Page |
Net Inflows & Outflows
Historical daily/weekly net flows (recent mixed with volatility; e.g., outflows in early January 2026 periods).
Performance Overview
Inverse amplified daily returns vs. Bitcoin spot (due to -2x leverage; extreme volatility/compounding effects).
ESG & Sustainability Metrics
Estimated ESG ratings (limited applicability for leveraged inverse futures products).
Pros
- Provides -2x inverse amplified daily exposure (profits when Bitcoin falls)
- Useful for short-term hedging or bearish bets on Bitcoin
- Good liquidity and volume for a leveraged inverse product
- No need for direct shorting/futures margin account
Cons
- **Not spot Bitcoin** – uses futures with daily reset/compounding decay
- High expense ratio (0.95%+) + extreme volatility/loss potential
- Significant risk when Bitcoin rises (losses exceed 2x)
- Not suitable for long-term holding or buy-and-hold investors
How to Buy SBIT
Available on all major U.S. brokers including Fidelity, Charles Schwab, Vanguard, Robinhood, eToro, Interactive Brokers, and more. Simply search ticker SBIT. **Use extreme caution** – this is a high-risk leveraged inverse product.
Not financial advice. Leveraged inverse ETFs like SBIT involve extreme risk, including potential for total loss in short periods due to volatility, compounding, and daily resets. Investments carry high risk of principal loss. Data approximate and subject to change; always verify with official sources and understand the product before investing.